QQQ Breaks Out to an All-time Closing High, SPY Makes Another All-time High...AAPL, FB, AMZN, MSFT, GOOGL Lead Techs Higher...

 
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SPX opened flat on Monday, pulled back to re-test its breakout of the May 7 high and rallied in the last 45 minutes of trading to close at a new all-time high.  NDX broke through 2-month resistance to close at a new all-time closing high.
 
Semiconductor stocks, SMH broke out of short-term resistance of the previous ten-day trading range. 
 
DJI -85.85, +0.25%, closed at 34,393.  GS, JPM, BA and HON were the largest point decliners on Monday.
NDX +129.90, +0.93%, closed at 14,128.
SPX +7.71, +0.18%, closed at 4,255.
 
TSLA +1.28%, channel bounce.
 
SPY = Breakout test, new all-time closing high.
DIA = forms hammer in a fifteen-day trading channel at support.
QQQ = Breakout to new all-time high.
IWM = pullback to bull flag support below all-time high.
 
Six of eleven sectors were higher on Monday, led by XLK, XLC and XLRE.
 
Technology leaders: ADBE, TER, CRM, AAPL
Communication Services leaders: GCI, NFLX, FB, EA
Real Estate leaders: WELL, VTR, PEAK, CCI
 
SPY up .95 at 425.26, on 42.3 million shares, below average volume, up on lower volume. 
VIX up .74 at 16.39
 
CRM, AAPL, MSFT, INTC led the DJIA, 10 advancers, -7
RMD, GCI, MKTX, TER led the SPX, 188 advancers.
MRVL, ADBE, MELI, TEAM led the NDX, 67 advancers. 
 
The two-year trend term is up.  The one-year trend is up.
 
Up: QQQ, SPY,
Down: DIA, IWM,
 
Advancers weakened on Monday as decliners led 1,818 to 1,531 on the NYSE and led 2,338 to 2,045 on the NASDAQ.
 
The SPY MFC green line is up at 95.9 and is bullish.  SPY made another an all-time closing high. 
 
 
Uptrend sectors:  XLRE, XLC, XLE, XLV, XLK, XLF, XLI, XLP, XLB, XLU,
Neutral sectors:  XLY,
Down trend sectors:
 
The 6-month intermediate trend is up.  The ten-day trend is up.
 
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up
 
67 of 100 NDX stocks closed higher on Monday.
 
78 NDX stocks are above their 30 DMA:  CERN, ALXN, MDLZ, TMUS, SGEN, CSCO, PAYX, INTU, WDC, ATVI, FB, MXIM, ADI, ADP, GOOGL, IDXX, ILMN, MRVL, ZM, NVDA, PTON, AMAT, ASML, AVGO, EA, LRCX, MCHP, SNPS, TXN, MRNA, PYPL, SIRI, AMD, EBAY, EXC, REGN, XLNX, DXCM, ADBE, BIIB, CHKP, DOCU, GILD, INTC, KLAC, LULU, MSFT, TEAM, ALGN, MAR, AMZN, FOXA, ISRG, ANSS, CDNS, CMCSA, COST, MNST, NTES, NXPI, PEP, QCOM, SPLK, WBA, AAPL, CHTR, CPRT, CTAS, MELI, SBUX, SWKS, ADSK, BKNG, CDW, MTCH, NFLX, TSLA, WDAY,
 
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 7
ADSK, BKNG, CDW, MTCH, NFLX, TSLA, WDAY,
 
Moving Below 30 DMA = 1
VRSN,
 
 
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